Bateleur Software implemented the anti-money laundering solution at the bank for regulatory compliance purposes.
South Africans will be able to receive international money transfers instantly into their bank accounts.
This will enable merchants to provide fully integrated digital payment solutions to their customers.
The cellular operator partners with remittance company Mukuru to enable mobile money transfers to Lesotho.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
The bank keeps bank charges down due in large part to its partnership with DFA, owner of an?open-access high-speed fibre network.
The bank's consultants will use iPads to offer a range of Absa products including legal, life and funeral cover.
Charl Ueckermann, MD of AVeS Cyber Security, explored the life cycle of Internet fraud in banking at the Cyber Security in Banking Conference.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
Determining liability for card skimming.
More software engineers and technologists need to incorporate DevOps into their capabilities within the financial sector, says Barclays.
SA sees a decrease in card fraud but online banking growth gives rise to card not present fraud, says Sabric.
The bank was recognised for its data analytics tool at the global Efma Accenture Innovation Awards in Amsterdam.
The FinTech investment holding company today listed on the JSE, becoming the bourse's fifth special purpose acquisition company.